Survey Points to Fourth Quarter APAC Investment Recovery

JLL’s Hotels & Hospitality Group’s latest Hotel Investor Sentiment Survey suggests hotel investment in Asia Pacific will continue to recover in the fourth quarter of 2022 and into 2023 with more investors looking to deploy the highest levels of capital since the pandemic started. The survey shows approximately 80% of investors plan to be net buyers in 2022. Approximately 20% of investors indicated they would deploy between $501 million to $1 billion+ worth of capital into the hospitality sector, up from 7% of investors in 2021 and 16% in 2020. JLL left unchanged their projection of $10.7 billion in total hotel investment in Asia Pacific for 2022. London, Tokyo and Boston emerged as the top three markets for hotel investment. The primary catalyst behind Tokyo’s recovery is high levels of domestic demand as room nights sold as of July 2022 grew 66% relative to the same period in 2021 with the upscale hotel segment accounting for the highest growth. The depreciation of t